United States Quantum Computing Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

The Global Quantum Computing Market reached US$ 650.1 million in 2022 and is expected to reach US$ 8,788.8 million by 2031, growing with a CAGR of 38.9% during the forecast period 2024-2031.

Key Development:

United States: Recent Quantum Computing Developments

✅ In November 2025, Quantinuum was selected by DARPA to advance to Stage B of the Quantum Benchmarking Initiative, reflecting confidence in its path toward large‐scale fault‐tolerant quantum computing.

✅ In November 2025, IBM advanced to Stage B of DARPA's Quantum Benchmarking Initiative, marking a strong endorsement of its quantum scaling strategy and fault‐tolerance roadmap.

✅ In September 2025, PsiQuantum broke ground on its facility at Illinois Quantum & Microelectronics Park (IQMP) in Chicago, backed by a $1 billion Series E round to build its largest intermediate-scale quantum test system.

✅ In September 2025, PsiQuantum raised $1 billion in funding (Series E) at a $7 billion valuation, with participation from investors including BlackRock, Temasek, and NVIDIA Ventures.

✅ In October 2025, IonQ completed the acquisition of Vector Atomic, a quantum sensing leader, adding precision atomic clocks and inertial sensors to its full‐stack quantum platform

Japan: Recent Quantum Computing Developments

✅ In September 2025, Fujitsu and AIST (National Institute of Advanced Industrial Science & Technology) signed a collaboration to boost Japan's industrial competitiveness in quantum tech, combining manufacturing, R&D, and personnel exchange.

✅ In August 2025, Fujitsu began R&D on a next‐gen 10,000+ qubit superconducting quantum computer (targeting 2030), using its "STAR architecture" to aim for practical quantum computing at scale.

✅ In July 2025, a fully domestically produced superconducting quantum computer, built with Japanese-made hardware and software, went live at Osaka University's Center for Quantum Information & Quantum Biology.

✅ In April 2025, Fujitsu and RIKEN announced a 256‐qubit superconducting quantum computer - 4× more than their previous generation - to be made available to companies and research institutions.

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Key Players:

=> IBM Quantum, Google, Honeywell, Rigetti Computing, Telstra Corporation Limited, IonQ Inc., Silicon Quantum Computing, Huawei Technologies Co. Ltd., Alphabet Inc., Rigetti & Co Inc., Microsoft Corporation, D-Wave Systems Inc. and Zapata Computing Inc.

Growth Drivers of Quantum Computing:

✅ Increasing Demand for High-Performance Computing: Need for faster and more efficient computation in industries like finance, healthcare, and aerospace.

✅ Advancements in Quantum Hardware & Algorithms: Continuous improvements in qubits, error correction, and quantum algorithms boosting reliability and scalability.

✅ Rising Investments & Government Initiatives: Strong funding from governments and private sectors to accelerate quantum research and commercialization.

✅ Adoption Across Key Industries: Use cases in drug discovery, cryptography, optimization problems, and material science driving market adoption.

✅ Cloud-Based Quantum Services: Emergence of Quantum-as-a-Service platforms enabling wider accessibility and reduced entry barriers.

✅ Strategic Collaborations & Partnerships: Tech companies collaborating with research institutes to accelerate commercialization and application development.

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Key Segments:

By Offering

Hardware: Includes quantum processors, cryogenic systems, control electronics, and quantum memory devices. Adoption is driven by increasing investment in quantum chips and scalable architectures for enterprise applications.

Software: Encompasses quantum programming languages, compilers, simulators, and quantum development platforms that enable algorithm design, testing, and execution on quantum hardware.

Service: Covers consulting, system integration, managed quantum services, cloud-based quantum access, and training programs to accelerate enterprise adoption and deployment.

By Deployment Type

On-premises: Suitable for large enterprises with sensitive data and specialized requirements, enabling direct control over hardware and high-security environments.

Cloud-based: Facilitates wider adoption through accessible quantum-as-a-service (QaaS) models, allowing smaller firms and research organizations to access quantum computing power without heavy capital expenditure.

By Technology

Quantum Dots: Semiconductor-based qubits offering potential for integration with existing electronics and scalability.

Trapped Ions: High-fidelity qubits with longer coherence times, suitable for precision computation and error-corrected quantum operations.

Quantum Annealing: Optimized for solving combinatorial optimization problems, supply chain management, and scheduling tasks.

By Application

Optimization: Includes logistics, routing, portfolio optimization, and industrial process optimization.

Simulation and Data Problems: Focuses on molecular modeling, materials research, and chemical simulations for pharmaceuticals and energy applications.

Sampling: Enables probabilistic modeling and statistical computations for risk analysis and machine learning models.

Machine Learning: Enhances AI model training, pattern recognition, and predictive analytics using quantum algorithms.

Others: Includes cryptography, secure communications, and emerging applications across R&D sectors.

By End-User

Banking, Financial Services, and Insurance (BFSI): Adoption for portfolio optimization, fraud detection, risk modeling, and algorithmic trading.

Aerospace & Defense: Used for mission-critical simulations, cryptography, and advanced materials development.

Manufacturing: Optimizes supply chains, production planning, and predictive maintenance using quantum algorithms.

Healthcare: Drug discovery, genomics, and medical imaging simulations leveraging quantum computational power.

IT & Telecom: Quantum-enabled cybersecurity, cloud solutions, and network optimization.

Energy & Utilities: Grid optimization, energy storage simulations, and renewable energy research.

Others: Includes research institutions, startups, and governmental labs focusing on scientific computing and industrial innovations.

Regional Analysis

North America (≈35% share)
The U.S. leads in quantum R&D, with heavy investment in quantum hardware startups, cloud-based platforms, and government-backed initiatives. Canada emphasizes research in trapped ions and quantum algorithms. Strong venture funding and academic-industry collaboration accelerate commercialization.

Europe (≈25% share)
Germany, France, and the U.K. are pioneers in quantum research, particularly for trapped ions and optimization applications. EU-wide quantum initiatives promote cross-border collaborations and standardization. High regulatory standards ensure reliability but slow large-scale commercial adoption.

Asia-Pacific (≈28% share)
China, Japan, and Australia focus on hardware scaling, including quantum dots and quantum annealing systems. Rapid industrial adoption in manufacturing, energy, and BFSI sectors drives growth. Government funding and national quantum programs enable accelerated deployments.

South America (≈6% share)
Brazil and Argentina lead regional adoption in research and academic applications. Commercial deployments remain limited, but partnerships with global quantum vendors are slowly increasing market presence.

Middle East & Africa (≈6% share)
UAE, Saudi Arabia, and South Africa focus on research centers, energy simulations, and BFSI use cases. Investments in quantum infrastructure are emerging, supported by government smart-tech initiatives, but adoption is still in early stages.

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FAQ

What is the current size of the Quantum Computing Market?

A: In 2022, the Quantum Computing Market was valued at US$ 650.1 million , reflecting its strong industry presence.

Q2: How large is the Quantum Computing Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Quantum Computing Market will grow to around US$ 8,788.8 million, demonstrating significant expansion.

Q3: What is the growth rate of the Quantum Computing Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 38.9% during the forecast period from 2024 to 2031.

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